Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

$24.99

Common-Size Balance Sheet: Assets

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Intuitive Surgical Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable, net of allowances
Inventory
Net investment in sales-type leases, short-term
Other prepaids and other current assets
Prepaids and other current assets
Current assets
Property, plant, and equipment, net
Long-term investments
Deferred tax assets
Intangible and other assets, net
Goodwill
Long-term assets
Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Cash and Cash Equivalents
Over the observed periods, the proportion of cash and cash equivalents as a percentage of total assets exhibited volatility, initially declining from 14.53% in 2020 to 9.52% in 2021, followed by a rise to 17.81% in 2023, before dropping again to 10.82% in 2024.
Short-term Investments
This category demonstrated a consistent downward trend, decreasing steadily from 31.24% in 2020 to 10.6% in 2024, indicating a significant reduction in short-term investment holdings relative to total assets.
Accounts Receivable, Net of Allowances
The percentage of accounts receivable relative to total assets remained fairly stable around 5.7% in 2020 and 2021, increased notably to above 7% in 2022 and 2023, then slightly receded to 6.54% in 2024, suggesting some fluctuations in credit extended to customers or collection efficiency.
Inventory
The inventory portion of total assets rose gradually from 5.39% in 2020 to 7.93% in 2024, reflecting a gradual buildup of stock or changes in inventory management.
Net Investment in Sales-type Leases, Short-term
Values in this category remained relatively low and stable, fluctuating between 0.7% and 1.01% over the analysis period, indicating limited exposure or changes in leasing activity.
Other Prepaids and Other Current Assets
These current assets maintained a fairly narrow range between 1.14% and 1.67%, with no significant upward or downward trend.
Prepaids and Other Current Assets
This broader category, encompassing other prepaids, hovered close to 2% throughout the time frame, indicating stability in these asset components.
Current Assets
Current assets as a percentage of total assets exhibited a downward trend, starting from 59.32% in 2020, declining sharply to 43.12% in 2021, briefly increasing through 2022 and 2023, and then decreasing again to 37.94% by 2024. This suggests a strategic shift favoring longer-term asset allocation.
Property, Plant, and Equipment, Net
There was a consistent increase in property, plant, and equipment relative to total assets, moving from 14.12% in 2020 to 24.79% in 2024. This indicates substantial investment in fixed assets over the period.
Long-term Investments
Long-term investments showed considerable variability, rising sharply to 32.57% in 2021, declining thereafter to 13.73% in 2023, and then increasing once more to 25.71% in 2024. This suggests fluctuations in strategic investment allocations or asset rebalancing.
Deferred Tax Assets
This category experienced a gradual increase from 3.29% in 2020 to 5.9% in 2023, with a slight decrease to 5.58% in 2024, indicating growth in deferred tax-related assets.
Intangible and Other Assets, Net
Intangible and other assets showed mild fluctuations, increasing from 4.51% in 2020 to a peak of 5.47% in 2022, then declining to roughly 4.13% by 2024.
Goodwill
Goodwill as a proportion of total assets gradually diminished over the period, declining from 3.01% in 2020 to 1.85% in 2024, indicating possible impairment, amortization, or divestitures related to acquired companies or assets.
Long-term Assets
Long-term assets percentage rose from 40.68% in 2020 to 62.06% in 2024, signaling a clear trend towards increasing the share of non-current assets in the total asset base, which aligns with the observed growth in property, plant, equipment, and fluctuations in long-term investments.
Total Assets
The composition of total assets remains consistently at 100% by definition; however, the internal shifts denote a strategic transition from current towards long-term asset holdings over the observed time frame.